The Chesterfield Hotel, Malkin Street, Chesterfield, Derbyshire, S41 7UA

Guide Price* : £1,250,000

  • Freehold with vacant possession
  • Former 73 room hotel
  • Extensive function and leisure facilities
  • Large car park
  • Opposite main rail station
  • Development potential (subject to planning)

Description

The property comprises a substantial detached former hotel, dating from the late 1800's with later extensions, set within a sloping island site of 0.33 acres, with parking for circa 60 cars. The property is arranged over a lower ground floor which includes a swimming pool, gym and leisure facilities, ground floor with reception, bars, ballroom, restaurant and other function rooms, and a lift and several stair wells serving two upper floors arranged on split levels around a large central light well and smaller side light wells, there are 73 letting rooms.

Location

Chesterfield is a busy market town lying to the south east east of the Peak District National Park, 24 miles to the north of Derby and 11 miles south of Sheffield. The town lies along the west side of the M1, 5 miles from J29 via the A617 dual carriageway link, and the A619 to J30. There are excellent train services across the country with a shortest journey time of 1 hour 45 minutes to London, as well as direct services to Manchester, Liverpool, Newcastle and Penzance.

Chesterfield is also a proposed HS2 stop, and extensive regeneration of the town is planned as a result, including the £340m mixed-use Chesterfield Waterside development.

The property occupies a prominent block upon the edge of the town centre, fronting Malkin Street, and facing the main rail station. The property lies alongside and overlooking the A61 with a pedestrian footbridge link into the centre. The hotel car park is currently on a temporary letting, and there is an aerial tower on the roof. The proposed Chesterfield Waterside scheme will lie opposite the property.

Tenure

Freehold

Planning

Informal planning guidance indicates that the property could be suited to a variety or mix of uses in the future that encompass business, leisure, residential and entertainment, including restaurant, events venue, sports facilities, hotel, studios, offices as well as student or private residential. Interested parties should satisfy themselves prior to bidding that they have made all reasonable inquiries.

VAT

Refer to the legal documentation

Energy Performance Certificate

See website

Accommodation

Address Floor Use Accommodation
Chesterfield Hotel Lower ground
Ground
1st & 2nd floors
Leisure and storage
Reception, bar, public rooms
Accommodation
Pool, gym and leisure facilities
Ball room, large restaurant, kitchens, function rooms
73 bedrooms, (38 dble, 19 twin, 16 single)
Car park
Roof mast
Let on a rolling 6 month licence
Let upon an agreement expiring 12/2021
£24,000 pa
£9,276.52 pa reviewable 5 yearly

Contact

Vendor's solicitor

Teacher Stern LLP
David Phillips
0207 611 2359
d.phillips@teacherstern.com

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.

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The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.


Office Contact

Brontie Peacock
020 3824 4706

Vendors Solicitor

Vendors Solicitors
0207 611 2359

Related Documents

Agreement Documents


Subject to Contract and Exclusive of VAT © Lambert Smith Hampton December 2019

Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, and their joint agents if any ("LSH") for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.